Your new home will be designed exactly the way you want it. Shouldn’t you do exactly the same thing with your mortgage loan?
Now, with the new Mortgage program floating mortgage loan, you have the option of selecting not only the interest rate of your mortgage loan, but also the way you are going to repay it!
Floating interest rate with margin from 3.40%*, directly linked to the Euribor interbank rate.
And because life is unpredictable, Millennium bank supports you by offering you the opportunity of arranging the repayment terms of your mortgage loan according to the needs of your family.
What if your income has increased and you wish to repay your loan faster?
• You may increase your instalment on a permanent basis, reducing the loan’s duration to down to 5 years.
• You may repay, without any penalty.
What if you face some unexpected expenses and wish to reduce your monthly instalment?
• You may skip payment of one instalment per year, whenever you so choose.
• You may reduce the amount of your instalment on a permanent basis, increasing the loan’s duration up to 40 years.
• For 3 months every 2 years, you may pay only interest, thereby reducing the amount of your instalment.
The benefits keep on …
• Option of financing up to 100% of the commercial value of the real estate property.
• Option of immediate disbursement.
• Repayment period of up to 40 years.**
• Option of transferring a mortgage loan from another bank
• Option of getting a complementary loan up to 50000€ with the same conditions as your mortgage loan.
• Option of transition from a floating to a fixed interest rate.
• Option of getting a revolving loan up to 10% of the amount of your mortgage loan (with a maximum of 30,000 Euros), with the lowest interest rate of the market.
• Free subscription for the Millennium bank MasterCard credit card for the first year
Full and exemplary information for your loan
You may have direct information regarding your loan, at any time, wherever you are, absolutely free of charge, from the very first moment that you get the loan. With just one phone call to Millennium bank contact center, 801 – 11 - 95 500 (city call charge throughout Greece) or 210-95 57 500 (from a cell phone or abroad), or from your computer through Millennium bank e-banking, but also through the Millennium bank ATM network.
Furthermore, with the Statement of your entire banking relationship, you are informed fully and in detail about your total relationship with the Bank, for all your deposit accounts, your loans, your credit cards, and your investments.
The interest rate is determined according to the amount of the loan and LTV (ratio of the amount of the loan to the commercial value of the real estate property that serves as collateral).
*Plus the contribution of Law 128/75 (0.12%). The present interest rate applies to financing of up to 60% of the commercial value of the real estate property.
** Applies to customers aged under 33 years.